Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

FIXED RATE LOAN

A loan contract with interest and payment amount that is the same through the life of the loan. AKA fixed rate mortgage.

FLASH MANUFACTURING PMI

The responses to a survery from managers. It shows the economic conditions in an area. It is a report that uses 85% of the surveys taken.

FLEA MARKET

A market that uses vendors to trade merchandise for money. It is outdoors and may have a small fee to enter. It came from a Frenc term from the 1920s suggesting that

FLEXIBLE SPECIALIZATION

When a firm has multi use equipment and multi tasking employees to adapt to market changes. The changes are fast and the company must change to continue to function and profit.

FLIPPER

An investor receiving an ALLOCATION in an INITIAL PUBLIC OFFERING, ADDON, or NEW ISSUE that sells the securities several hours or days after issuance to lockin a shortterm capital gain. Also known

FLOOR BROKER

A stock exchange memeber that executes orders for another party. Refer to floor trader.

FLUORIDES

A gas with flourine that is caused by manufacturing. It is harmful and can affect humans, plants, and animals.

FOLLOWER ADVANTAGE

The leverage a firm can get for long term competition due to its late entry in the market. It can get clarification, knowledge, opportunity, distrubution, and pioneers mistakes that have previously been

FOOD LABEL

A panel on labels with the nutritional values for that item. It lists the items facts and ingredients as well as vitamin content.It is based on the 2,000 calorie diet. The values

FOR YOUR INFORMATION (FYI)

Noting something about an item to make it more interesting to the target group. It can be a memo for a special audience.

FORGERY OR ALTERATION COVERAGE FORM

Commercial crime insurance. Forgery protection for an insured’s account in case a forged or illegally modified is used to get money from that account.

FORMATTING

Preparing an area for use. This can be a digital storage media or a document. In both cases the area will retain data in a standardized, fixed layout. A particular field of

FORWARD COVER

A hedge against fluctuating adverse exchange rates. Currency sale or purchase at a fixed price on a fixed future date. The purchase is arranged or bought as a contract or option.

FORWARD POINTS

The differential between a SPOT RATE and FORWARD RATE in the FOREIGN EXCHANGE markets. Forward points arise as a result of INTEREST RATE DIFFERENTIALS, market expectations related to currencies and INTEREST RATES,

FORWARD-LOOKING STUDY

Definitive statement about repetitive surveys of a population over a set period of time leading to a summarizing statistical survey.

FPS SYSTEM

Foot-Pound-Second. Replaced since 1960 by the Metric units system world-wide except for a few countries, like the US. Originally a system of units begun in the UK. Known also as imperial system.

FRAMEWORK

Interlinked items supporting an action, a process, an approach. Serves as a guide, modifiable to meet fluctuating objectives. Seen as a broad overview, outline, or skeleton.

FREE ASTRAY

Shipping term. Package or consignment misrouted or has strayed. The carrier must deliver to its correct destination with no additional charges if the item is traced and this mistake is the carrier’s

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